Comparison analysis of conventional economic systems and islamic economy on demand concept

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Meriyati, et.al, COMPARISON ANALYSIS OF CONVENTIONAL ECONOMIC................
 
 
5. Differences between Conventional Demand Concept and Islamic Demand 
Concept 
There are many similarities between conventional demand concept and Islamic 
demand concept. However, there are still fundamental differences between the two, 
namely (Fattach, 2017): 
1. The sources of law used, the concept of Islamic demand using the legal sources of 
the Qur'an and Hadith, and the ijtihad of the scholars can be added. Whereas 
conventional demand concept is based on human thinking and only focuses on profit 
and materialism 
2. The concept of Islamic demand separates commodities that are used halal and haram 
and can only consume and use halal commodities. Meanwhile, the conventional 
concept of demand allows all commodities 
3. Islamic demand concept emphasizes the demand for a good or service on consumer 
needs. Meanwhile, conventional demand concept allows demand for consumer 
desires 
4. The concept of Islamic demand must be based on maslahah or good, so that human 
life can achieve falah or prosperity and provision in the hereafter. Meanwhile, 
conventional demand concept does not consider aspects of goodness in life. 
CONCLUSION 
Based on the description of the discussion above, it can be concluded that Islam had 
long regulated the concept of demand before the conventional concept of demand 
existed because the sources used were directly from Allah SWT through the Qur'an, 
then equipped with Hadith and Ijtihad of the scholars. Therefore, Islamic demand 
concept has many similarities in its discussion with conventional demand concept. 
However, fundamental things distinguish it, such as the legal basis, the reasons for 
making requests based on needs are not mere desires. Islam made the concept of this 
Islamic demand to keep Muslims from being ishraf or excessive and to achieve falah or 
prosperity in life in this world and the hereafter. 

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